Publication detail

Quarterly government accounts, 1st quarter 2017

In the 1st quarter of 2017, the financial balance of the general government amounted to 17.6 billion ISK surplus or 3.1% of quarterly GDP and 6.7% of general government total revenue. This can be compared with 13.6 billion ISK in deficit in the 1st quarter 2016 or 2.5% of GDP in that quarter. This comparison is without the extraordinary revenue of 384.3 billion ISK due to the stability contribution in the 1st quarter 2016.